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20121201
20121231
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at the central bank's role has become a key focus in japan's general election. the leaders of the ruling party have expressed contrasting views on what the bank of japan can and should do. our business reporter spoke with two economists for their take on the issue. >> translator: debate had heated up ever since banks were urged to take strong action. >> translator: we will boost public spending. that's going to force new money into the market. this will have a positive effect on the economy. >> reporter: the comments had an impact on tokyo markets in mid-november. the yen weakened and stocks shot up. some analysts called it the abi rally. others are cautious about aggressive boj easing include prime minister noda. >> translator: construction bonds and deficit covering bonds are both debts. it could but the wrong economic policy to depends on the bonds and make the boj buy them. >> reporter: economists are also split on the issues. there's a lot the bank of japan can do. >> reporter: the boj can take a number of measures. one is to expand the balance sheet. the bank can buy more government bond
they're sending a satellite into orbit. but leaders of japan and other countries believe the north koreans are carrying out a test of a long-range ballistic missile. the senior u.s. diplomat on north korea has warned the leadership there. he said the u.s. will refer the matter to the u.n. security council if they go ahead with the launch. >> we will be prepared to work with our partners, including at the united nations security council, to respond in a swift, effective, and credible manner. >> davies said the u.s. could strengthen sanctions. he said existing penalties have already hampered north korea's nuclear program. davies has been holding discussions with his counterparts from china, as well as japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. u.s. diplomats have made similar warnings over the years and the north koreans have ignored them. >> reporter: the ballistic missile launch will be the second since kim jong-un took pow area year ago. it will use the same launch pad at a site in the northwestern part of the countr
to resolve the tax increases. here in japan the central bank has started to consider a concrete inflation target. this is in response to a request made by the incoming leader. policy makers reviewed the inflation goal at a board meeting on thursday. they aim to reach a conclusion at their next meeting in january. liberal democratic party leader wants to pull japan's economy out of deflation once the new administration is in place. he's asking the boj to sign a policy accord with the incoming coming to make the target 2%. the rate remains at around 0%. it averaged at the lower 1% range during the bubble era in the late 1980s. some boj officials insist they should study the inflation impact on people's lives if it should double. others agree it might make it difficult to steer monetary measures in strview of economic conditions. the bank of japan plans to exam how its inflation target should be sent and when it shoultd be reached. let's g let's get a check on markets. the nikkei rose to an eight and a half month high. it's trading at 10,098. investors are placing bets on a wide range of sto
nuclear test. japan is working with the united states and south korea to impose additional sanctions, but tokyo's ambassador says the three countries are too distant from china's position to permit dialog. >>> the u.n. general assembly has adopted a resolution about north korea's human rights violations. the document expresses serious concern about what it describes as systemic and or systematic and widespread human rights violations. they include torture and public executions. the text also urges the north korean government to resolve the abduction of japanese citizens and other foreign nationals. a north korean diplomat has dismissed the document as political fabrication. >>> it's certainly not up to the minute, but state-run media has been much faster in reporting the results of south korea's presidential election than they've been in the past. the brief reports thursday, the day after the election, and friday. they say park of the conservative ruling party had won a tight race by a small margin. compare that with what happened five years ago. north korea waited to report the resu
-- captions by vitac -- www.vitac.com >>> the ground beneath. japan's nuclear watchdog concludes a nuclear plant may be on unstable footing. officials with the nuclear regulation authority found something unsettling under a plant in northern japan. the discovery could keep the plant off line. the officials released their final assessment of an inspection they made this month at the higashidori nuclear plant. faults under the compound are likely active. officials with the power company argued the faults aren't active. they said there are no indications the faults have moved recently. experts with the regulation authority say there is nothing to back up the claim. >> translator: we think that active faults exist under the compound. we conclude that there is no evidence to contradict our view. >> the team will finalize its report in the next few weeks. tohoku electric will have to review measures to protect against earthquakes. this is the second time that active faults have been found under nuclear power plant in japan. japan's new prime minister has laid out how he plans to govern
"newsline". experts with japan's nuclear regulation authority are getting closer to determining whether the only operating nuclear plant in the country can keep generating power. they carried out a second inspection at the ohi plant to figure out if an active fault runs beneath the facility. the five member team returned to ohi to inspect a trench the nra had ordered plant operator kansai electric to double the length of the trench after the first onsite inspection in november. crews dug it to 100 meters. representatives of the nuclear watchdog say they will ask kansai electric to shut down the plant if inspectors conclude an active fault runs underneath it. government guidelines ban the construction of key nuclear facilities on active faults. kansai electric executives insist land slips and not a fault caused the fissures below ohi. after friday's inspection, the shik zach shimazaki said they will look for answers. >> translator: we'll carefully analyze what we saw today. it won't be an easy task determining what it is. >> the team of experts will be back at the plant on saturd
is on the weaker side of those estimates. major manufacturers in japan say business sentiment is getting worse. that's according to the latest quarterly report by the country's central bank. the bank of japan released on friday it's quarterly survey of short-term business confidence. nearly 11,000 companies up were covered by the poll. the headline index stood at minus 12, down 9 points from the previous survey in september. it also records two consecutive quarters of worsening sentiment. the main factor for the decline is poor exports of auto and other economies due to the european downturn and cooling ties with china. another negative factor is the drop in domestic car sales because state subsidies for buyers of fuel efficient cars expired in september. for the nonmanufacturing sector the sentiment index was down by four points from the previous surv survey. looking aahead the to the next three months, major manufacturers expect a slight improvement as they hope the u.s. and chinese economies recovery. they're concerned that cooling consumer sentiment will persist. japanese shoppers are spen
-backed candidate to lead it. >> gentlemen, behave. >> japan is facing a new general election. >> more on that in a few minutes. first, these other stories making news. japan has accused china of violating its airspace after a chinese government plane was spotted over a group of disputed islands in the east china sea. japan this past fighter jets and launched an official complaint with -- japan dispatched fighter jets and launched an official complaint. the islands are claimed by both japan and beijing. >> palin's prime minister has been charged with murder. the charges relate to the death -- thailand's prime minister has been charged with primer. the charges relate to the death of a tax dry -- taxi driver. >> the south pacific island nation of samoa has been lashed by a cyclone. the storm and damaged buildings, uprooted trees, and caused flooding. officials have declared a state of emergency. no injuries have been reported. >> an autopsy has confirmed that the prisoners committed suicide after being caught up in a prank phone call -- that a british nurse committed suicide after being
strengthening the japan u.s. relationship a priority. abe criticized the party repeatedly for damaging this relationship. how do people in the obama administration look on it now. >> reporter: the revolving door to the japanese prime minister office has made it difficult for those to cooperate on an issue. they want a reliable partner. they'd like to see an end to the volatile issues. >> what do they want them to address? >> reporter: people in the obama administration face a high priority. they have been troubled by the increasing tension between japan and china over which country owns the senkaku islands. it could unsettle dynamic in a region. they want to see measure security policies and sophisticated diplomacy to calm the situation. >> our pleszage to the new japanese government will be the same to the former japanese government, which is we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> reporter: now japan has a dispute with south korea. they would like to see the japanese put aside their diffe
a positive tone as the u.s. home market is on a recovery track. on friday japan's jobless rate for november will come out. the rate stood at 4.2% in october, unchanged from the previous month. friday is the last trading day of the year for the tokyo stoke market. a special guest will ring the bell to close the market for 2012. th that's the latest in business for this house. here is a check on markets. >>> a gunman has ambushed four firefighters in the u.s. state of new york. the attack left three people dead, including the alleged shooter. police say the firefighters responded to a house fire around 6:00 a.m. local time in the northwestern town of webster. they say a 62-year-old gunman exchanged fire with police officers. the gunman was found dead five hours later. police say he committed suicide. they believe the man set fire to his house and car to lure the firefighters. he then ambushed them. the alleged attacker spent nearly 18 years in prison for murdering his grandmother. he was banned from possessing guns. the shooting forced the crew to slow the attempt to fight the blaze. the fire
>> digging deeper. the sesech goes on for possible active faults beneath japan's nuclear plants. they could lead to permanent shutdown of several reactors. welcome to nhk world "newsline." inspectors from japan's nuclear regulation authority said a new nuclear power plan in the northern japan may be sitting on active seismic faults. a team of five experts concluded their two-day inspection at the higashidori plant in aomori prefecture. they concentrated on two faults in the compound. official from the plant's operator told the power company that a shift in the strata was caused by ground water. they say it wasn't the result of an active fault. investigators say they cannot rule out the possibility that the two faults are active. they say they will be able to come to a finding without additional surveys. the nuclear regulation authority says all members of the team share the same view. he says there's evidence that the faults have moved. officials with the authority will meet to discuss the matter next thursday. the electric plant say the faults are not located directly beneath t
. investors are selling yen on the tokyo foreign exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. the new prime minister shinzo abe will take up office later in the day. analysts say the b.o.j. will likely further boost its monetary easing measures. the dollar is currently trading at 85.26-31 yen. ai uchida joins us now from the business desk for more on that. so ai, investors have been trading the dollar-yen quite dramatically over the last several weeks. >> that's right, catherine. just a month and a half ago that pair was trading in the mid 79-yen range. almost six whole yen weaker in just six weeks. a dramatic move indeed. so going forward, what can we expect? well, we spoke to disaburo nezo for his outlook. he is a senior executive fellow at fujitsu research institute. >> the yen's future is not so much the weakening but rather i think there would be some counterbalance. that is, already yen current rate, 85 yen per one dollar, is rather reasonable level. i think the japanese exporters have been worryi
was under military rule for almost 25 years. the nation has been strengthening ties with japan and western nations since its transition to civilian rule in march of last year. but the country's leaders have also been trying to maintain close ties with china. japan's new government has promised to repair frayed ties with south dakota. he spoke with south korea's kim a day after taking office, saying south korea is japan's most important neighbor and they share fundamental values and interests. he alluded to a dispute over the senkaku islands in the sea of japan. kim said it's important to maintain close communications. they agreed to work closely on issues relating to north korea. >>> japanese government officials may be looking forward to the new year, but they have to sort through a slew of economic data first. so what can you tell us? >> you're right, they can't kick up their heels just yet, because they have a handful of economic indicators to sort through for japan for november. the jobless rate improved to 4.1%. officials at the internal affairs ministry say the figure is out 0.1 prog
be linked to events marking the first anniversary of kim jong-il's death on december 17th. in japan, government leaders have ordered self-defense forces to be prepared to shoot down any debris from the rocket. the defense minister passed on that order to sdf commanders. >> translator: for the day of the rocket launch, we ordered the sdf to intercept any missile debris from a north korean rocket. we are preparing in accordance our defenses in accordance with that order. >> officials believe it will fly southwest okinawa's main island. they're deploying surface to air missiles throughout the region. prime minister yoshihiko noda held a national security meeting with his ministers. he approved the order for the sdf to mobilize their missile defense systems and shoot down any debris. this will be the third such order issued by the government. the last time was in april, when north korean officials launched another rocket. it blew up less than two minutes after liftoff. >>> authorities in japan have given the all-clear to people living along the northeastern coast. they lifted a tsunami
gathering brought them here to japan. the delegates worked on their strategy to push president bashar al assad out of office and ultimately end the bloodshed. on one hand, they're strengthening sanctions. on the other, they're reaffirming their support for opposition forces. nhk world's akira saheki reports. >> reporter: delegates from more than 60 countries are attending the conference, including representatives from the gulf region and the west. they've met several times before, but this is the first time they've gathered in asia. the japanese government hosted the conference to help broaden the base of international support for sanctions against syria. >> translator: the international community has been asking the syrian government to end the violence. but the assad regime is continuing the fight, ignoring the sacrifices of its people. we need to unify our efforts and put pressure on the syrian government. >> reporter: delegates are trying to do just that. they're working to strengthen existing sanctions by creating a larger coalition and improving coordination between participating c
. >>> in japan, financial regulator -- japan's financial regulator, that is, they plan to strengthen rules against insider trading after a series of information leaks from major securities firms earlier this year. the financial services agency now wants stricter punishment for employees at securities firms who illegally leak information to their clients. under current regulations, those employees are not subject to punishment. but after the revision, the agency will reveal names of those involved in serious cases. that's including investors. the agency is also considering a steep rise in penalties. regulators hope to complete a revised bill by the end of the year and submit it to parliament next year. >>> now let's get a check on how markets are performing. tokyo's main stock index broke 9,600 for the first time in 7 1/2 months at the open. it's currently trading right below that at 9,570, still a gain of 0.5% from tuesday's close. an overnight rally overseas is fueling market sentiment. a weaker yen's also lifting export-related issues. let's take a look at the currency markets. the euro
contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some nations may begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boycotted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china were sluggish in september as japanese cars fell out of favorite. sales have been growing for two straight months since october. >>> the leaders of iraq say they are ready to make their country a mayor player in the global oil market. they will double and quadruple oil output. businesses from arrange the world are eyeing with fresh interest. >> reporter: it holds some of the wo
. they are hoping the bank of japan will take action at its upcoming policy meeting next week. euro yen quoted at 108.22 to 99. japan's nikkei average went above 9700 at one point. a weaker yen and the u.s. fed's policy decision that's what's lifting a wide range of issues here in tokyo. let's take a look at other asian markets open now. we are seeing seoul's kospi up and over in australia the benchmark is trading unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion of more than 43 billion euros in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current productio
looks upon japan as a friendly nation. not all citizens share her views. park insists they are south korean territory. many are wary about the japanese leadership too. a senior official says diplomats hope to smooth over some of these issues. they hope abe and park will be able to meet after her inauguration in february. >>> barack obama says people in his administration have an obligation to prevent mass shootings. he launched a task force less than a week after a school shooting in connecticut. >> i will use all the powers of this effort to help advance e t efforts aimed at preventing a tragedy like this. >> vice president joe biden will lead the task force which will include other members of the cabinet. he said there's a growing consensus among americans to ban the sale of military style assault weapons. he says it supports stricter background checks on buyers. last week a gunman walked into a school. he killed 20 children and six adults. obama has been struggling with another file. >> the u.s. fiscal cliff crisis and the republicans and democrats talks between the republicans t
♪ >>> pushing for a recovery. the man set to lead japan starts work on getting the economy back on track. a man who led japan once before is laying the foundations for another shot at leadership. next week shinzo abe is expected to find his way back into the prime minister's office, a place he left five years ago. he's already preparing to tackle japan's economic malaise by bringing back an old post. abe led the liberal democrats to victory sunday in the lower house election. they assume power in a week. abe says he plans to reinstate the council on economic and fiscal policy, suspended by the democrat-led government. he'll appoint a new minister to take charge of the council. abe will appoint former prime minister taro aso as his finance minister and deputy prime minister. abe hopes aso can bring his experience and economic expertise to bear on the dual problem of deflation and the strong yen. abe wants central bankers to do more on their part to prop up the economy. yuko fukushima joins's you now from the business desk. yuko, we've talked a lot about the pressure abe's putting
>>> the rode to the diet. candidates kick off their official campaigns. people across japan are hearing some familiar sounds through their windows. candidates who want a seat in the lower house of the diet are filing the necessary paper work to launch their campaigns. they have loaded up vans an mounted speakers on them to share their messages with voters. 480 seats are up for grabs in the election later this month. that breaks down to 300 single seats and 180 proportional seats. the democratic party took part in 2009. candidates will outline their view on how to right the japanese economy. they'll outli they're vision for how to supply the country's energy need after the nuclear disaster in fukushima. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. >>> there's another launch of long rang ballistic miss. >> caller:. there mi missile. north korean officials say the launch will happen between december 10th and 22nd be the rocket will head south. may that he had similar preparations in april. that launch ended in failure. they've given th
pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the framework both countries will be able to exchange up to $15 billion over the next three years. the two countries had a similar currency deal in 2008 when the global financial crisis hit asia. recently india's rupe has been sold as many investors pulled their money out of the country in the wake of the european debt crisis. sharp will get funds from qualcomm under a capital and business tie up. the struggling electronics giant said it will get up to $120 million from qualcomm by march of next year. the two firms will also jointly develop new panels at a sharp plant in western japan. sharp is forecasting a record net loss of $5.5 billion for the current fiscal year due to a slump in tv and lc d sectors. the company will receive half the funds this m
between the kurds centers on land and oil rights. now to japan where the prime minister designate is taking a tough line after his victory at the polls saying there can be no compromise over the island is at the center of dispute with china. china has reacted with alarm. beijing declared itself "ready to work with japan" and they expressed disquiet. >> the former prime minister vowed to put the japanese economy back on track after years of deflation made worse by a soaring currency that has squeezed japanese exporters. >> a landslide victory for the conservative ldp party. voters are putting their trust in his promise to get the economy back on track. >> the mission we have been given is to beat inflation and deal with the high yen and wall dealing with the economy and working to create more jobs. >> many voters were critical over the handling of the devastating earthquake, tsunami, and nuclear disaster. they say it was last eight support rather than a rejection of the outgoing premier. >> politics is all about the results. we have to take responsibility. the cause of this major d
an example from mexico. >> first, some of the stories making news. japan has a new prime minister, voted in by the lower house of parliament earlier today. his liberal democratic party won by a landslide in polls earlier this month. he has vowed to introduce aggressive monetary policies and says he wants to revise japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some plants in an attempt to stem falling prices. the group will keep some mines and factories closed until the end of january. >> rare earths are crucial in making a broad range of high- tech products. prices have
was of japanese descent, and the united states was at war with imperial japan. >> that is why the commanding general of the western defense command determined that all japanese within the coastal areas should move inland. notices were posted. all persons of japanese descent were required to register, and the japanese themselves cheerfully handled the enormous paperwork involved in the migration. >> i think that it's important for people to know about what happened to the japanese-americans during world war ii. >> japan's devastating surprise attack on hawaii's pearl harbor fanned the flames of national hysteria, particularly on the west coast. more than 100,000 japanese-americans were ordered to pack their things. the uchidas were forced to leave their home in pasadena, california. >> they were first, actually, put in the santa anita racetrack where they lived for about six months in actual horse stables, and they actually had to clean out the stables and make it livable. and then, after that period, they were moved to gila river, which is in arizona. >> like so many other families, the uchi
or medicine, physics, chemistry, and economics went to eight winners from the u.s., japan, france, and britain. >> the nobel prize for economics was jointly awarded to allan ross and lloyd shapley for their work on matching supply and demand -- alvin roth and lloyd shapley for their work on matching supply and demand. 89-year-old lloyd shapley, professor emeritus at the university of california, received a standing ovation. >> while the eu is celebrating winning the nobel peace prize, one of its largest member states has been plunged into crisis. >> first data appeared that italy was facing the prospect -- first, it appeared that italy was facing the prospect of uncertainty as mario monti appeared to be on the prospect of resigning. that pushed the stock market into a downward slide. >> in the last couple of hours, prime minister mario monti has come out and said he is not planning to step down in the near future after all, and that the nervous reaction in the markets should not be dramatized. >> investors are already nervous about what mario monti's early departure could spell for the eurozon
, japan and south korea, as well as the u.s., believe it was a disguised as for long-range missiles -- disguised test for long-range missiles. >> president obama announced the u.s. would formally recognize the coalition of syrian opposition groups. >> that endorsement came as the friends of syria group met in morocco to discuss ways of ending the conflict. >> this internet footage purports to show the aftermath of explosions on the outskirts of the syrian capital of damascus. two other explosions were reported targeting the interior ministry and the justice ministry. state-run television reported at least one death and several injuries in what it called terrorist attacks. as the violence continued on the ground, diplomacy continued elsewhere. representatives of 130 countries met with opposition figures in morocco. the so-called friends of syria group recognized the opposition as the legitimate representative of the syrian people. following the lead of the eel and the u.s. -- of the eu and the u.s. >> this is an important step. we think it is important the national coalition continue
competition. once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was bought and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan is talking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here is the tragic choice. in the right to work states, wages are 10% lower.
's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on asian buyers. >> china's biggest producer of so-called rare earths has suspended output at some of its plants for another month as part of an effort to push up prices. >> rare earths are a group of elements cruci
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